Reliance Steel & Aluminum Co (RS) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of Reliance Steel & Aluminum Co (NYSE:RS) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,986 shares of the industrial products company’s stock after acquiring an additional 630 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Reliance Steel & Aluminum were worth $811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. ETF Managers Group LLC boosted its position in shares of Reliance Steel & Aluminum by 18.4% during the 4th quarter. ETF Managers Group LLC now owns 1,554 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 241 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Reliance Steel & Aluminum by 5.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,899 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 255 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Reliance Steel & Aluminum by 49.1% during the 4th quarter. First Mercantile Trust Co. now owns 790 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 260 shares during the last quarter. Regentatlantic Capital LLC boosted its position in shares of Reliance Steel & Aluminum by 1.0% during the 4th quarter. Regentatlantic Capital LLC now owns 27,245 shares of the industrial products company’s stock valued at $1,939,000 after acquiring an additional 265 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Reliance Steel & Aluminum by 279.1% during the 1st quarter. Quadrant Capital Group LLC now owns 436 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.

A number of analysts have recently issued reports on the company. Longbow Research downgraded Reliance Steel & Aluminum from a “neutral” rating to an “underperform” rating and set a $76.00 price target for the company. in a research report on Thursday, April 18th. Jefferies Financial Group downgraded Reliance Steel & Aluminum from a “buy” rating to a “hold” rating and dropped their price target for the company from $105.00 to $100.00 in a research report on Friday, April 26th. Finally, Cowen reiterated an “outperform” rating and set a $95.00 price target (up previously from $80.00) on shares of Reliance Steel & Aluminum in a research report on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Reliance Steel & Aluminum presently has an average rating of “Hold” and an average price target of $92.40.

In related news, VP Michael Patrick Shanley sold 8,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $90.62, for a total value of $803,799.40. Following the completion of the sale, the vice president now owns 38,137 shares in the company, valued at approximately $3,455,974.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg J. Mollins sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.81, for a total value of $2,295,250.00. The disclosure for this sale can be found here. Insiders sold a total of 142,570 shares of company stock valued at $12,757,514 in the last 90 days. 3.43% of the stock is currently owned by corporate insiders.

NYSE:RS opened at $89.34 on Thursday. The company has a market capitalization of $5.85 billion, a P/E ratio of 9.99, a PEG ratio of 1.06 and a beta of 1.26. Reliance Steel & Aluminum Co has a 1-year low of $68.62 and a 1-year high of $97.41. The company has a quick ratio of 1.85, a current ratio of 4.06 and a debt-to-equity ratio of 0.47.

Reliance Steel & Aluminum (NYSE:RS) last released its earnings results on Thursday, April 25th. The industrial products company reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.42. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.97 billion. Reliance Steel & Aluminum had a return on equity of 13.70% and a net margin of 5.58%. Reliance Steel & Aluminum’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. On average, equities analysts forecast that Reliance Steel & Aluminum Co will post 9.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.46%. Reliance Steel & Aluminum’s payout ratio is 24.61%.

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Reliance Steel & Aluminum Profile

Reliance Steel & Aluminum Co operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.

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Institutional Ownership by Quarter for Reliance Steel & Aluminum (NYSE:RS)

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